New York-based private investment firm Bruckmann Rosser Sherrill & Co. Management LP, or BRS, recapitalized EōS Fitness Holdings LLC.
Terms of the transaction were not disclosed.
Eos Fitness, a portfolio company of an investment partnership managed by BRS, is a low-cost fitness club with a full suite of amenities, according to a release.
With operations in 30 locations in Phoenix, Las Vegas and Southern California, Eos will use the investment to finance a distribution among its shareholders. It will also enable Eos' management to broaden the company's presence across the U.S.
Golub Capital and Antares Capital financed the transaction. Dechert LLP was legal counsel to BRS, which targets lower-middle-market consumer goods and services companies.